Michael Peggs

In the midst of a recession that seems to never end, there are plenty of people who need to find new ways to put some cash in their pockets.

Meanwhile, those lucky enough to have jobs often feel like they have to work so hard just to stay employed that they no longer have enough time or energy to take care of the routine tasks of daily life outside of the workplace.

To Michael Peggs, those two economic realities describe an online marketplace waiting to be born.

Meet Peggsit, a startup so young that you if you move quickly enough you could be one of the first 50 people to use it.